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2.726M OP
Proposals Voted42 (20.39%)
For / Against / Abstain36 / 1 / 5
Recent activity12 of 10 last props
Proposals created0
Delegated from13.5k addresses

Delegate Statement

We look forward to leveraging our learnings from other protocols and the deep relationships our team has fostered across DeFi, TradFi, governments, and academics.

GFX has a record of rolling up our sleeves and getting work done. The GFX team has authored half of all successful proposals on Uniswap (including the first cross-chain governance proposal), listed multiple assets and developed the price oracle on Compound, and led efforts at MakerDAO to interface with regulators, lawmakers, and outside researchers. We actively work to find mutual benefits for protocols we cover to collaborate – such as the soon-to-be deployed DAI Direct Deposit Module for MakerDAO to plug directly into Compound.

Delegation to GFX Labs is a delegation to a governance team that is one of the most experienced in DeFi, able to facilitate partnerships, and with a track record of consistent engagement and delivery of results.

GFX Labs isn’t a fund. We don’t hold positions. We are a team of builders who love DeFi. Our participation in governance is rooted in a desire to see DeFi overtake legacy finance. We promise to be active participants. We’ll explain not only when we agree, but most importantly, when we disagree. As first-hand participants in governance, we know how frustrating it is to work on a proposal, receive limited comments, only to have the proposal shot down at launch. Our door will always be open to those who share the passion for DeFi that we have.

My view on the Optimistic Vision: GFX has a passion for building and optimizing protocols and the Web3 ecosystem generally. Our past record shows a commitment to the same ideals expressed in the Optimistic Vision – collaboration, coordination, and democratization of everything Web3.

My view on the first three articles of the Working Constitution:

Article 1: Experimentation is appropriate, but past experience at major protocols suggests experimentation should be done with specific goals in mind. An ability to experiment early on is worthwhile, but needs to be tempered with an ability to commit once a winning formula has been found.

Article 2: A bicameral structure should in theory provide a more robust set of checks and balances, but only to the extent that OP Holder and OP Citizens are representative of differing constituencies. Shaping the criteria for the latter will be very important to get correct.

Article 3: The Foundation-that-decentralizes-over-time model worked quite well for governing the Maker protocol. It will be important to have robust governance processes developed prior to the end of that journey, however, to insure institutional knowledge is retained and best practices continue after full decentralization.

My skills and areas of expertise: GFX staff have experience in DeFi governance, proposal creation & execution, regulatory interface, academic outreach, economics, financial systems & markets, cross-protocol collaboration.

AllowanceDelegated onTypeAmountFrom
2.702 OP01/31/2024ADVANCEDPARTIAL0xd7...366d

Past Votes

Prop 7301...5780
- 9 days ago

Mission Requests: Intent #2, 4M OP

Voted: Request 2A: [Additional Revenue Sources to Fund RetroPGF Rounds], Request 2B: [Builders grants program mission request], Request 2D: [Facilitate capital migration to the Superchain], Request 2E: [Growth and experiments grants program mission request], Request 2I: [Novel treasury bootstrapping solutions], Request 2J: [Onramping], Request 2L: [smart contract auditing services] with 2.76M votes
Prop 8788...5896
- 9 days ago

Mission Requests: Intent #4, 1.33M OP

Voted: Request 4C: [Create a grants Supertracker for the Optimism Collective and the Superchain], Request 4G: [Integration of Optimism Gov and RPGF Modules into University Courses] with 2.76M votes
Prop 9846...7958
- 9 days ago

Mission Requests: Intent #1, 1.33M OP

Voted: Request 1A: [Alternative CL/EL client Mission Request], Request 1C: [Fraud Proof CTF Mission Request] with 2.76M votes
Prop 2871...4996
- 9 days ago

Mission Requests: Intent #3, 1.33M OP

Voted: Request 3A: [Advancing Optimism Anonymous Community and Governance Tooling], Request 3L: [Superchain Accounts] with 2.76M votes
Prop 1103...0147
- 9 days ago

Protocol Upgrade #4

for with 2.76M votes
This is in response to feedback from a large number of top delegates, who have expressed they have no special expertise or time to handle grant misuse allegations.
The risk is represented as being very low to implement this, and would lower gas costs on L1 for less active chains. Given the recent shuttering of PGN, lowering costs for nascent or hyper specialized OP stack chains presents a competitive advantage and is a positive development.
Prop 8559...1144
- 3 months ago

Ratify Security Council Members

abstain with 1.93M votes
We do not support voting on large bundles for important decisions, since it discourages due diligence on the part of delegates who will be overwhelmed or simply recognize that it would take a particularly egregious objection to derail the entire process. GFX does not oppose any of the individual members and is abstaining on the basis of process.
Prop 2032...3863
- 3 months ago

Upgrade #2: Canyon Protocol Upgrade

for with 1.93M votes
Prop 9686...5088
- 4 months ago

Grants Council Reviewer Elections: Milestones and Metrics

Voted: Mmurthy, Juanbug_PGov, v3naru_Curia with 2.02M votes
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